Real Income Tax Notice Cases in Gurgaon
Case 1: ESOP Income Mismatch
Problem: A Gurgaon-based corporate employee received a notice due to mismatch in ESOP income reported in AIS and ITR.
Analysis: ESOP taxation was not correctly accounted for during filing.
Solution: Correct computation and response were submitted along with necessary documents.
Outcome: The issue was resolved without penalty.
Case 2: Business Income Discrepancy
Problem: A small business owner received a notice for discrepancy in reported turnover.
Analysis: Differences were found between GST data and ITR filings.
Solution: Reconciliation statement and supporting documents were submitted.
Outcome: The notice was closed successfully after clarification.